Franchise Grant and Operation
- The franchise is granted to Progressive Broadcasting Corporation, including its successors or assigns.
- Operations must comply with the Constitution and applicable laws, rules, and regulations.
- Emphasizes commercial purpose and public interest in broadcasting services.
Effectivity of the Law
- The Act takes effect 15 days after publication.
- Requires publication in at least two newspapers of general circulation in the Philippines.
Legislative and Executive Approval
- The Act was approved by the Philippine Senate and House of Representatives.
- It was signed or approved by relevant legislative officers.
- The law lapsed into effect without the President's signature, in accordance with the Constitution (Article VI, Sec. 27(1)).